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Govt to procure 2.65 lakh tonnes fertiliser, 4 cargo LNG

BSS . Dhaka
03 May 2023 19:33:32 | Update: 03 May 2023 19:43:55
Govt to procure 2.65 lakh tonnes fertiliser, 4 cargo LNG
— Representational Photo

The government on Wednesday approved separate proposals for procuring some 2.65 lakh tonnes of fertiliser and 4 cargo LNG to meet the growing demand of the country.

The approval came from the 15th meeting of the Cabinet Committee on Government Purchase (CCGP) held on Wednesday virtually with Finance Minister AHM Mustafa Kamal in the chair.

Briefing reporters after the meeting virtually, Cabinet Division additional secretary Sayeed Mahbub Khan said that the day's meeting approved a total of 14 proposals.

He said that following separate proposals from the Ministry of Industries, Bangladesh Chemical Industries Corporation (BCIC) would procure 30,000 tonnes of phosphoric acid from M/s Sun International FZE, UAE (local agent: M/s Agro Industrial Input, Dhaka) with around Tk 184.64 crore where per ton would cost $572 against the previous price of $674.

Mahbub said the BCIC would procure 30,000 tonnes of bagged granular urea fertiliser from Muntajat, Qatar under state-level agreement under the 15th lot with around Tk 95.32 crore with per ton fertiliser costing $295.33 against the previous price of $308.67.

The BCIC would also procure another 30,000 tonnes of bagged granular urea fertiliser from KAFCO, Bangladesh with around Tk 105.14 crore where per ton fertiliser would cost $325.75 against the previous price of $309.25.

The Cabinet Division additional secretary informed that following four separate proposals from the Ministry of Agriculture, Bangladesh Agriculture Development Corporation (BADC) would procure 40,000 tonnes of DAP fertiliser from MA'ADEN, Saudi Arabia under state-level agreement under the 2nd lot with around Tk 238.59 crore with per ton fertiliser costing $554.25 against the previous price of $599.75.

The BADC would purchase 50,000 tonnes of MOP fertiliser from Canadian Commercial Corporation under state-level agreement under the 3rd lot with around Tk 226.16 crore with per ton fertiliser costing $420.38 down from the previous price of $444.13.

In another proposal, the BADC would procure 25,000 tonnes of TSP fertiliser from GCT, Tunisia under state-level agreement under the 1st lot with around Tk 105.73 crore where per ton fertiliser would cost $393.

The BADC would also procure 30,000 tonnes of TSP fertiliser from OCP, SA, Morocco under state-level agreement under the 1st lot with around Tk 132.67 crore with per ton fertiliser costing $411 against the previous price of $480.

Besides, the government would also purchase 30,000 tonnes of urea from SABIC, Agri, Saudi Arabia with around Tk 105.02 crore.

Mahbub said following four separate proposals from the Energy and Mineral Resources Division, Petrobangla would procure 33.60 lakh MMBtu LNG from M/S Vitol Asia Pte Ltd. Singapore with around Tk 465.17 crore with per MMBtu LNG costing $10.9788 against the previous price of $13.28.

The Petrobangla would procure 33.60 lakh MMBtu LNG from M/S Gunvor Singapore Pte Ltd. Singapore with around Tk 528.36 crore with per MMBtu LNG costing $12.47 against the previous price of $13.21.

The Petrobangla would procure another consignment of 33.60 lakh MMBtu from M/S Vitol Asia Pte Ltd. Singapore with around Tk 503.73 crore while another consignment of 33.60 lakh MMBtu LNG from M/S Excelerate Energy LP, US with around Tk 516.50 crore.

In another proposal from the Ministry of Commerce, the state-run Trading Corporation of Bangladesh (TCB) would procure some 12,500 tonnes of sugar from a Turkish company with around Tk 64.20 crore where per Kg sugar would cost Tk 82.89 against the previous price of Tk 88.74.

The day's CCGP meeting also approved a cost variation proposal from the Ministry of Railways on the Padma Bridge Rail Link project.

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